West Texas Intermediate (WTI)

Commodities Oil Financial Terms Dictionary

Contents

West Texas Intermediate (WTI) is a light, sweet oil that serves as one of the world’s major oil benchmarks.

It comes primarily from the interior of Texas and is one of the highest quality oils in the world that is easy to clean.
WTI is the underlying commodity for an oil futures contract on the NYMEX.
WTI is often compared to Brent, which is the oil benchmark for two-thirds of the world’s North Sea oil contracts.